Why underinsurance in home contents is so prevalent and practical tips/tools to address it

Event Overview

Underinsurance is a major issue in the industry – many reports suggest that around 2/3 of homes are underinsured. Unfortunately, the same is often true for the contents in those homes. Why is this, and what can the industry do about it?

This webinar is for:

• Brokers and insurers who handle home contents insurance for MNW and HNW clients.
• Brokers and insurers who insure assets such as art, silverware, trophies and fine wine for commercial customers (e.g. restaurants, hotels, charities, sports clubs, offices)
• Claims handlers and loss adjusters who want to understand what to look for in, and risks around, valuations with which they may be presented
• Compliance teams considering how to ensure clients and policyholders get the information they need to make informed decisions, and that they are treated fairly

 Learning Outcomes

By the end of the webinar, you will understand:

• What is underinsurance for contents?
• Why does it arise?
• The importance of accurately assessing replacement cost
• The impact of underinsurance – for clients, brokers and insurers
• Why the “value” can be hard to get right
• What to look for in a valuation

Speaker Bio

Rachel brings over 30 years of experience in the Art & Antiques industry and over the past fifteen years she has been responsible for looking after both clients and professional advisers with their valuation needs.
In 2016, Rachel started her own business to offer a truly independent, professional and non-conflict valuation business – providing a personal service to clients in the need of establishing the true values of their assets. We offer valuations for both insurance, probate, divorce and advice when selling / purchasing.  Rachel looks after both private clients, international corporations, museums and collectors both in the UK and beyond.